Applying system dynamics modeling of innovation’s effects on wages

dc.contributor.authorBeaudry, David N.
dc.descriptionVersion of Recorden_US
dc.description.abstractUsing system dynamics modeling tools, this paper explains the effects of innovations on relative international wages based on two countries. The Heckscher-Ohlin model of international trade is the bases factor-proportions theory. The paper also incorporates related research by Stolper & Samuelson, Vernon, Krugman and Dollar. System Dynamics Modeling is being used to demonstrate of innovation’s effects on wages because this type of modeling permits a visual representation of the cause and effects of innovation on wages in an international trade environment. The paper demonstrates the effects of innovation and technology adoption on relatives wage differential between the countries. It demonstrates the importance of innovation as a tool to maintain wages in a capital-abundant country and the importance of technology adoption in a labor-abundant country.en_US
dc.description.bibliographicCitationBeaudry, D. N. (2007, October). Applying System Dynamics Modeling to Innovation’s Effects on Wages. Presented at the Academy of International Business U.S. Northeast Chapter Regional Meeting, Portsmouth, New Hampshire. Retrieved from http://academicarchive.snhu.eduen_US
dc.digSpecsPDF/A-1b v.2.3en_US
dc.format.extent1643560 bytesen_US
dc.publisherSouthern New Hamsphire Universityen_US
dc.relation.requiresAdobe Acrobat Readeren_US
dc.rightsAuthor retains all ownership rights. Further reproduction in violation of copyright is prohibiteden_US
dc.subject.otherwage modelingen_US
dc.subject.otherinternational tradeen_US
dc.subject.otherfactor priceen_US
dc.titleApplying system dynamics modeling of innovation’s effects on wagesen_US
dc.typeConference Paperen_US
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